Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31,Metrix shows the following selected accounts and amounts for the month of March.

Required
1. Prepare a March income statement for the business.
2. Prepare a March statement of owner’s equity. The owner’s capital account balance at March 1 was $0, and the owner invested$11,600 cash in the company on March 2.
3. Prepare a March 31 balance sheet. Hint: Use the owner’s capital account balance calculated in part 2.

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Equipment..... Salaries expense Accounts payable..... Note receivable Rent expense Unearned revenue. $ 4,000 3,000 12,000 8,000 Accounts receivable..... A. Lopez, Withdrawals Office supplies Rental revenue $1,300 2,500 $3,500 2,000 1,500 500 2,000 Consulting revenue Cash 300 Advertising expense. Utilities expense. 200 400 1,000 Note payable 2,400 Prepaid insurance.